🎧 Listen to This Article
Vietnam’s Ministry of Finance has introduced a Draft Decree on Tax Administration for E-Commerce and Digital Platforms, set to take effect on April 1, 2025. This decree will require e-commerce and digital platforms to track, withhold, and remit taxes for business households and individual sellers using their platforms.
The new rules apply broadly to platforms with payment functions, digital content providers, online advertisers, cloud services, social media platforms with in-app transactions, and other digital economy players.
Key obligations for platforms include:
✅ Ensuring all sellers provide a tax identification number (TIN) before transactions.
✅ Withholding VAT and personal income tax (PIT) from seller revenue.
✅ Issuing tax withholding certificates to sellers and submitting transaction data to tax authorities.
Offshore platforms must comply with Vietnam’s foreign tax registration under Circular 80/2021/TT-BTC, requiring either direct registration or appointing a local tax agent.
Industry players are calling for a postponement, but platforms should prepare now by implementing automated TIN verification, seller education programs, and compliance frameworks to mitigate risks.
For further details, clarification, contributions, or any concerns regarding this article, please contact us at [email protected]. We value your feedback and are committed to providing accurate and timely information. Please note that our privacy policy will handle all inquiries
